The George and Barbara Bush Foundation

“Alexander "hap" ellis, iii (president/director), sam leblond (director), dorothy bush koch (director), marvin bush (director) and neil bush (director) are related family members.”

“A copy of form 990 is provided to management and the secretary/treasurer who reviews the form for accuracy and completeness. A complete copy is then provided to the board members prior to filing.”

“Periodic reviews are conducted and include, at a minimum, whether compensation arrangements and benefits are reasonable based on competent survey information and the result of arm's length bargaining. The review also includes whether partnerships, joint ventures and arrangements with management organizations conform to the foundation's written policies, and are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in excess benefit transactions.”

“All compensation is determined using comparable data and evaluated for reasonableness. The organization's independent board of directors reviews and approves compensation arrangements. The basis for the board's determination is contemporaneously documented in the board meeting minutes.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available in the foundation offices to anyone who requests to see them.”

“The foundation is dedicated to preserving the historic legacy of president george h. W. Bush by providing programs and financial support to the presidential library center, and also to sponsor exhibits, lectures, and conferences to create a dynamic learning environment. Through its fundraising efforts, the foundation solicited and accepted funds that endowed the george bush presidential library, a presidential archival depository that houses and preserves the books, correspondence, documents, papers, pictures and photographs of president bush as well as other objects and materials related to the official or personal life of president bush that have historical or commemorative value. A portion of the funds raised by the foundation were used by the federal government as an endowment to maintain, operate, protect and improve the library and a portion is used by the foundation as an endowment, the principal purpose of which is to enhance educational programs for the library and the george bush school of government and public service. Under the terms of the presidential libraries act amendment of 1986, a building endowment equal to 20% of the construction and land cost of the library building must be turned over to the national archives before they can accept the building to occupy and operate as a federal facility. Those terms were met on november 4, 1997, when the foundation transferred funds in the amount of $4,477,233 to the archivist of the united states. On november 6, 1997, the building and furnishings, including exhibits, were also transferred to the national archives and records administration.”

“Various expense categories included in the statement of functional expenses include amounts which are reimbursed by texas a&m university. The total reimbursement received in 2024 for the current year expenses was $1,948,748. This amount is included in the total contribution from texas a&m as reported on schedule b.”

“Book to tax difference on noncash contribution 435,000. Book to tax difference on pavilion rental income -16,500.”

“All payroll is processed through texas a&m university. The foundation is billed for the cost of salaries and benefits each month for certain employees of the university that provide services to the foundation.”